Africa Markets Oil & Gas

How Nigeria is losing 600,000 barrels of oil per day

Abuja, Nigeria – In what may be described as a major breakthrough, the Nigerian Government through The Chief Executive of the nation’s petroleum controlling agency, Nigeria National Petroleum Company Limited, Mele Kayari revealed that the Company has uncovered an illegal 4km pipeline connecting the forcados in Delta State to The Sea, and a Loading Port […]

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Business & Finance Energy Trends Renewables

Why the global energy system and the 10 Pillars of de-carbonization is important

IEA – The International Energy Association has given a holistic overview of the energy system and the key pillars of global decarbonization needed in achieving the net zero scenario by the year 2050. As part of tracking clean energy progress, a report by the International Energy Association has stated that the goal towards achieving a speedy […]

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Africa Markets Oil & Gas Opinion

Is Nigeria’s Crude Oil really cursed?

Opinion – Nigeria’s crude oil was reportedly first discovered in Oloibiri in the Niger Delta region of the country in 1956. This commercial discovery of oil in Nigeria brought to an end over fifty (50) years of failed oil exploration and ushered Nigeria into the comity of oil producing nations and with the successful discovery and […]

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Business & Finance

Africa Sees Record Venture Capital Investment, Bucking Global Decline

Johannesburg — African startups attracted a record $3.5 billion in venture capital investment in the first half of this year, bucking a global decline in dealmaking linked to worldwide economic turmoil, data released by an industry group showed on Tuesday. The funding, raised by 300 different companies, represents a growth of 133% compared to the […]

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